If you are under 50 years old, for financial year 2013-14 concessional cap is $25,000

Contributions caps
For the 2014-15 financial year, the concessional cap for individuals who are 49 years old or over on 30 June 2014 is $35,000.

There is 15% tax payable by your fund on concessional (before-tax) contributions paid into a super fund. Your super fund usually reduces your super account by your share of this tax.

Concessional contributions may also be referred to as ‘before-tax contributions’.
Types of concessional (before-tax) contributions include:
• employer contributions, such as
• compulsory employer contributions paid by your employer
• any additional pre-tax super contributions your employer makes
• salary sacrifice payments made to your super fund
• other amounts paid by your employer from your pre-tax income to your super fund,
such as administration fees and insurance premiums
• contributions that you are allowed as an income tax deduction, such as contributions
you make if you are self-employed (to claim a tax deduction for your personal super
contributions, you must first complete a notice of intent to claim deduction in
the approved form and give it to your super fund)

If you decide to split your before-tax contributions and give some to your spouse, these contributions still count towards your concessional cap.

Non-concessional (after-tax) contributions

For financial year 2013-14 non-concessional contribution is $150,000.
Non-concessional contributions may also be referred to as ‘after-tax contributions’.

Types of non-concessional (after-tax) contributions include:
• non-concessional (after-tax) contributions that you or your employer makes on
your behalf from your after-tax income
• contributions your spouse (including a same-sex spouse) makes to your super fund,
unless your spouse makes the contributions because they’re your employer
• personal contributions that are not claimed as an income tax deduction
• excess concessional (before-tax) contributions that you have not elected to
release from your super fund
• contributions in excess of your capital gains tax (CGT) cap amount
• retirement benefits you withdraw from your super fund and ‘re-contribute’ to super
• most transfers from foreign super funds but excluding amounts included in your
fund’s assessable income.

Exclusions
Some personal contributions may be excluded from counting towards your non-concessional (after-tax) contributions cap for a financial year. Some of the exclusions include contributions:
• made from personal injury payments
• you have chosen to count towards your CGT cap amount that have not gone over your lifetime limit.

These types of non-concessional (after-tax) contributions will only be excluded if you meet all of the conditions. You must also specifically ask your fund to exclude them by providing your fund with a Capital gains tax cap election or Contributions for personal injury form before or when you make a contribution.

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The information contained in this site is general and is not intended to serve as advice. No warranty is given in relation to the accuracy or reliability of any information. Users should not act or fail to act on the basis of information contained herein.